Hearst Gets Chronicle

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Hearst Gets Chronicle

A federal judge has approved the $660 million sale of the San Francisco Chronicle to the Hearst Corporation, ruling that the acquisition wouldn’t create a monopoly, even if the afternoon Examiner were to eventually fold. The decision comes after months of litigation. Examiner employees expressed relief that the paper’s fate was no longer hanging in limbo. To avoid anti-trust concerns, the Examiner will be taken over by local publishing magnate Ted Fang.